Oil change: Rising health consciousness among consumers has led to changing product preferences

The Edible Oils Manufacturing industry has performed modestly over the past five years. Rising demand for premium products, such as extra-virgin olive oil, has supported industry growth over the past five years. However, the industry has faced increasing pressure from supermarket private-label brands, imports and substitute products over the period. Industry revenue is expected to increase at an annualised 1.1% over the five years through 2017-18, to $656.5 million. This performance includes an expected rise of 0.9% in 2017-18.Consumer tastes and trends have changed over the past five years. In line with growing health consciousness, many consumers have made efforts to avoid fats and oils in their food, limiting demand for edible oils...read more.

Industry Statistics & Market Size
Revenue
$657m
Annual Growth 13-18
1.1%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
293
Businesses
35
Market Share of Companies

Industry Threats & Opportunities

  • Rising demand for premium products, such as extra virgin olive oil, has supported the industry
  • The trade of edible oils is volatile, moving according to fluctuations in production and demand
  • Niche oils, such as coconut, truffle and avocado oil, are forecast to become more popular

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    Industry Report - Industry Key Buyers Chapter

    The Edible Oils Manufacturing industry is characterised by moderate market share concentration, with the industry's four largest players accounting for over 50% of industry revenue in 2017-18. Unlike many other food manufacturing industries, multinational food companies play a smaller role in the Edible Oils Manufacturing industry, due to the intensive use of agricultural inputs in manufacturing. As a result, Australian agribusinesses, such as GrainCorp, often have a significant advantage over foreign companies. Consequently, domestic vertically-integrated companies dominate the industry.Industry concentration has significantly increased over the past five years, primarily due to GrainCorp entering the industry in 2012-13. Gri...purchase to read more.

    Additional Insights for the Edible Oils Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Edible Oils Manufacturing Industry are

  • Upstream vertical integration (ownership links)
  • Access to high-quality inputs
  • Ability to quickly adopt new technology

    • IBISWorld analysts also discuss how external factors such as Domestic price of fats and oils and Per capita fat consumption in the Edible Oils Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Edible Oils Manufacturing Industry?

    Industry players manufacture plant-based oils for immediate use or for use in cooking. Industry companies purchase their products from upstream growers or may grow their own grain or oilseeds. Industry players include those manufacturing private-label oils.

    Industry Products
  • Olive oil
  • Blended oil
  • Canola oil
  • Other oils
    • Industry Activities
  • Canola oil production
  • Vegetable oil production
  • Peanut oil production
  • Olive oil production
  • Sunflower seed oil production
  • Coconut oil production
  • Truffle oil production
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Domestic price of fats and oils
  • Per capita fat consumption
  • Demand from cafes, restaurants and takeaway food services
  • Demand from supermarkets and grocery stores
  • Demand from grain growing
  • Real household disposable income

    • Current Performance
  • Private-label pressures
  • Shifting preferences
  • Trade influences
  • Profitability and structure
  • Chart: Revenue Growth

    • Industry Outlook
  • Consumption trends
  • Import competition
  • Downstream markets
  • Profitability and structure
  • Table: Edible Oils Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Edible Oils Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • General Line Grocery Wholesaling
  • Supermarkets and Grocery Stores
  • Restaurants
  • Cafes and Coffee Shops

    • Key Selling Industries
  • Citrus Fruit, Nut and Other Fruit Growing
  • Grain Growing

    • Products & Services
  • Olive oil
  • Canola oil
  • Other oils
  • Blended oil
  • Chart: Edible Oils Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Food-service establishments
  • Export markets
  • Chart: Major Market Segmentation for the Edible Oils Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Edible Oils Manufacturing

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Edible Oils Manufacturing Industry

    • Industry Globalization

    Major Companies

    GrainCorp Limited, Boundary Bend Limited, Peerless Holdings Pty Ltd,
  • Table: GrainCorp Limited - financial performance
  • Table: Boundary Bend Limited - financial performance
  • Table: Peerless Holdings Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Edible Oils Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Edible Oils Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Cold-Pressed
  • An oil extraction technique that does not use heat or chemicals. Oil is physically squeezed from the oilseed or plant (such as olives).
    • Private-Label Products
  • A product purchased from a contracted manufacturer by a retailer or supplier, and sold under the brand name of the retailer or supplier, not the manufacturer.
    • Vegetable Oil
  • A blended oil product, which typically includes canola and soybean oil.
    • What Our Customers Say
    Why buy this report?

    The Edible Oils Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Edible Oils Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Edible Oils Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Edible Oils Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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